Belarus: Market for Industrial Monocarboxylic Fatty Acids 2025

Market Size for Industrial Monocarboxylic Fatty Acids in Belarus

In 2021, the Belarusian industrial monocarboxylic fatty acids market decreased by -7.6% to $X for the first time since 2017, thus ending a three-year rising trend. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Industrial monocarboxylic fatty acids consumption peaked at $X in 2020, and then reduced in the following year.

Production of Industrial Monocarboxylic Fatty Acids in Belarus

In value terms, industrial monocarboxylic fatty acids production declined to $X in 2021 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 31%. Industrial monocarboxylic fatty acids production peaked at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Exports of Industrial Monocarboxylic Fatty Acids

Exports from Belarus

In 2021, shipments abroad of industrial monocarboxylic fatty acids increased by 40% to X tons, rising for the third year in a row after five years of decline. In general, exports, however, continue to indicate a noticeable curtailment. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, industrial monocarboxylic fatty acids exports soared to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Estonia (X tons) and Ukraine (X tons) were the main destinations of industrial monocarboxylic fatty acids exports from Belarus, with a combined 93% share of total exports. Lithuania, Russia, Denmark and China lagged somewhat behind, together accounting for a further 7.2%.

From 2012 to 2021, the biggest increases were recorded for Russia (with a CAGR of +5.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Estonia ($X), Poland ($X) and Ukraine ($X) were the largest markets for industrial monocarboxylic fatty acids exported from Belarus worldwide, together comprising 94% of total exports. Lithuania, Russia, China and Denmark lagged somewhat behind, together accounting for a further 6.2%.

Among the main countries of destination, Russia, with a CAGR of +11.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average industrial monocarboxylic fatty acids export price amounted to $X per ton, growing by 31% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, industrial monocarboxylic fatty acids export price increased by +98.5% against 2015 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Industrial Monocarboxylic Fatty Acids

Imports into Belarus

In 2021, after five years of growth, there was significant decline in purchases abroad of industrial monocarboxylic fatty acids, when their volume decreased by -45.1% to X tons. Overall, imports, however, posted significant growth. The pace of growth was the most pronounced in 2016 with an increase of 367% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then shrank significantly in the following year.

In value terms, industrial monocarboxylic fatty acids imports declined notably to $X in 2021. Over the period under review, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2016 with an increase of 324% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then contracted sharply in the following year.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of industrial monocarboxylic fatty acids to Belarus, accounting for a 61% share of total imports. Moreover, industrial monocarboxylic fatty acids imports from Russia exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), twofold. India (X tons) ranked third in terms of total imports with a 6.6% share.

From 2012 to 2021, the average annual growth rate of volume from Russia totaled +34.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+17.6% per year) and India (+0.3% per year).

In value terms, Russia ($X) constituted the largest supplier of industrial monocarboxylic fatty acids to Belarus, comprising 62% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 23% share of total imports. It was followed by India, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +24.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+10.5% per year) and India (+1.7% per year).

Import Prices by Country

In 2021, the average industrial monocarboxylic fatty acids import price amounted to $X per ton, picking up by 33% against the previous year. Overall, the import price, however, saw a noticeable descent. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Ukraine ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+4.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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